The year is slow on the startup news from Eastern Europe as many entrepreneurs, especially in Russia are taking things easy in the first two weeks of January.

However there is some activity. Slovenian startup CubeSensorshas won Hardware Battlefield at TechCrunch Disrupt. The company earlier crossed our radar with its wireless air quality monitoring device.

Bad news came in from Russia, as the Russian gesture-controlled air screen designer Displair is rumoured to be closing down, based on the private conversation recordings at CES published by Russian tech blog Zuckerberg Will Call. To date Displair raised over $6 million to build an impressive interactive display technology, but unfortunately did not find a suitable market.

Now in Poland InFakt.pl that we covered in 2012, has just raised 770,000 Euro from its existing investor PointNine Capital as well as RTA Ventures and a business angel Thomas Modzelewski, reports Polish startup blog Proseed. The company plans to continue improving its online platform and invest in its multi-channel marketing campaign, reports the blog.

The company has been around since 2008. At the time the idea of creating a free invoicing tool was new (Tradeshift predecessor started off in 2007). By now, there are numerous free invoicing tools out there (Mashable has counted 27 English-language ones, and this does not even include Tradeshift). By now Tradeshift automates invoicing workflow and even claims to be a platform to automate all business interactions. InFakt.pl offers online accounting tools and services for the Polish market.

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Natasha Starkell

TwitterLinkedInFacebook Google+ Natasha Starkell is the founder and CEO of GoalEurope, advisory firm focusing on technology investment and software development in Russia and Eastern Europe. Prior to starting GoalEurope she has worked in the field of finance, mergers and acquisitions, corporate strategy and offshore outsourcing at Unisys Corporation in Switzerland and United Kingdom. She has an MBA degree from London Business School. She speaks Russian, English and German. She lives in Northern Germany.